QuickBooks Certification Exam Study Guide.pdf file:///C:/Users/HP/Desktop/SSSSSSS/QuickBooks%20Certification
QuickBooks Certification Exam Study Guide
1. Why would you hide or collapse sub accounts on a report?
ANS To temporarilyhide unnecessary detail and hide parent accounts
2. What should you do after you click save & close on a customer credit memo?
ANS Choose between retained as an available credit, give a refund or applyto an invoice
3. Which of the following CAN be memorized in quickbooks?
ANS check
4. Which is NOT shown on the payroll summary report on quickbooks?
ANS infor-mation necessary to complete your state unemployment tax form
5. The bank notified you that a customer's check you deposited has bounced.The customer
did not have sufficient funds to cover the check. What should you do?
ANS Record a transaction to show the customer owes you the money and thatthe checking
balance decreased by that same amount
6. Suppose you always want all reports to show a specific size and color,how do you set
standard preference in quickbooks so you don't have to customizeeach report?
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ANS Click the edit menu and select preferences then click the reports andgraphs group to set
preferences
7. Suppose you want to restrict which users can access customer credit cardnumbers.
How do you do this?
ANS Give the user access to sales and accounts receivable but do not check the complete credit
card numbers
8. Which of the following is a possible reason for a bank reconciliation dis- crepancy?
ANS The beginning balance calculated by quickbooks does not match lastmonths ending
balance
9. which of the following statements isTRUE regarding Undeposited funds?
ANS Itis an account used to record payments before you make a deposit
10. Which accounts are affected when you enter Time in quickbooks?
ANS Ac-counts receivable
11. Workers who require a W2 tax form at the end of the year should be addedto which of
the following lists?
ANS Employee
12. If you have customized report that you use each month, which feature letsyou run the
ANS Memorize Report
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13. What is the primary reason for setting a closing date in Quickbooks?
ANS Torestrict users from deleting, editing or adding transactions to last year
14. Your new employee earned an annual salary of $40,000. How do you enterthis into
quickbooks?
ANS Enter 40,000 in the payroll info window
15. What steps must you complete to use the payroll center to pay payrollliabilities
ANS set deposit frequencies
16. Name the section of the balance sheet
ANS Assets, Liabilities, Equity
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